Income Tax
Log in to FollowLatest Income Tax news, articles, notifications, circulars and case laws covering ITR, assessments, deductions, TDS, capital gains, tax audit, appeals and compliance.
Section 271(1)(c) Penalty Invalid as Notice Lacked Specific Charge: ITAT Mumbai
Reassessment Quashed for Wrong Sanction: Notice Issued Without Mandatory PCCIT Approval
Receipts on surrender of tenancy rights not taxable U/s 56(2)(x): ITAT Mumbai
ITAT Allows Full Addition After Purchases Held Bogus: 8% Estimation Rejected
Faceless Assessment Scheme Not Applicable to Issuance of Section 148 Notices: Gujarat HC
Business Income or Capital Gains? Tax Treatment of Share Trading
Form 10-IE/10-IEA Compliance to Avoid Wrong Tax Regime Processing
Indexation From Previous Owner Upheld in Family Settlement & Demerger: ITAT Delhi
Notional Turnover ≠ Real Income: ITAT Sends F&O Estimate Back for Fresh Look
ITAT Allows Section 54 Deduction despite Registration Delay as Payments Made in Time
Penalty u/s. 271(1)(c) quashed as additional income was voluntarily disclosed and not based on seized material
Notice Under Section 148 Quashed for Reassessment Without Tangible Evidence
ITAT Deletes ₹6.67 Cr Gold Stock Additions After Complete Reconciliation
No Fresh Material, No Reassessment: ITAT Quashes Section 148 Notice
Income Tax is TaxGuru’s extensive resource for developments under India’s direct tax laws. This category covers Income-tax provisions, rules, notifications, circulars, instructions, judicial decisions and practical compliance issues. Readers can explore articles and case laws on income-tax returns, assessments, reassessment, deductions, exemptions, capital gains, business income, TDS and TCS, tax audit, penalties, appeals, international taxation and other direct tax matters. The category also covers important CBDT announcements, tax deadlines, return filing developments and changes affecting individuals, businesses and other taxpayers. Chartered Accountants, advocates, tax professionals, companies and taxpayers can use this section to follow legislative, administrative and judicial developments and research important Income Tax issues and precedents.
